Elsbrock has 29 years of industry background, all with Fifth Third, where he was hired in 1986. Most recently, he has led Investment Advisors for the affiliate, including the private bank, in the role of senior vice president. Prior to July 2007, he was the vice president of commercial lending in both the middle market and the health care professional services groups. He also served as the director of retirement plan services for the institutional client group.

Prior responsibilities also included roles in corporate treasury management.

Elsbrock graduated from the University of Cincinnati and is a lifelong resident of the area. He serves on the executive committee of ArtWorks and co-chaired its 2014 annual fund campaign, and co-chaired the Catholic Inner-City Schools Education) fund campaign in 2014.

Additionally, Elsbrock serves as vice chair and treasurer of Hospice of Cincinnati, and is on the board of the Marvin Lewis Community Fund. He is a member of the United Way 2015 campaign cabinet, after serving in the same capacity in 2014.

"This is a terrific opportunity to further build our customer base and strength in the Cincinnati market," said Elsbrock in a statement. Fifth Third ranked second in the Cincinnati market in local deposits, based on FDIC data as June 30, 2014. "It is extremely gratifying to me to expand my responsibilities right here in my home town, under Mike's leadership, and to find new ways to serve our community."

The bank also announced that Kimberly Halbauer, director of private banking, was named the Investment Advisors executive, replacing Elsbrock. Halbauer has been with Fifth Third for 25 years and has held positions across multiple lines of business, including retail and commercial banking as well as Investment Advisors.

She graduated from Thomas More College. Halbauer is the incoming board chair for the American Heart Association's Cincinnati affiliate and serves as co-chair of the United Way Women's Leadership Council, among her numerous community roles.